Today, 1,169 Shares of Linear Technology Corp. (LLTC) Stock are sold by Donald P. Zerio

Today, 1,169 Shares of Linear Technology Corp. (LLTC) Stock are sold by Donald P. Zerio
Linear Technology Corp. (NASDAQ:LLTC) CFO Donald P. Zerio sold 1,169 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $62.18, for a total value of $72,688.42. Following the completion of the sale, the chief financial officer now owns 77,172 shares of the company’s stock, valued at $4,798,554.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Linear Technology Corp. (NASDAQ:LLTC) opened at 62.20 on Friday. Linear Technology Corp. has a 12 month low of $37.33 and a 12 month high of $64.42. The stock has a market cap of $14.95 billion, a P/E ratio of 30.64 and a beta of 1.16. The stock has a 50 day moving average price of $60.04 and a 200 day moving average price of $54.47.

Linear Technology Corp. (NASDAQ:LLTC) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. Linear Technology Corp. had a net margin of 34.17% and a return on equity of 29.73%. The company had revenue of $373.90 million for the quarter, compared to analyst estimates of $377.66 million. During the same quarter last year, the company posted $0.46 EPS. Linear Technology Corp.’s revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that Linear Technology Corp. will post $2.20 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. Linear Technology Corp.’s dividend payout ratio (DPR) is presently 63.05%.

Several large investors have recently made changes to their positions in LLTC. Global X Management Co. LLC increased its stake in shares of Linear Technology Corp. by 93.6% in the third quarter. Global X Management Co. LLC now owns 2,213 shares of the company’s stock worth $131,000 after buying an additional 1,070 shares during the period. CENTRAL TRUST Co raised its stake in shares of Linear Technology Corp. by 3.5% in the second quarter. CENTRAL TRUST Co now owns 2,985 shares of the company’s stock valued at $139,000 after buying an additional 100 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of Linear Technology Corp. by 73.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,037 shares of the company’s stock valued at $141,000 after buying an additional 1,291 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Linear Technology Corp. during the third quarter valued at about $188,000. Finally, IFP Advisors Inc raised its stake in shares of Linear Technology Corp. by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $168,000 after buying an additional 3,069 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.

A number of research firms have recently weighed in on LLTC. B. Riley reiterated a “neutral” rating and set a $60.00 price target on shares of Linear Technology Corp. in a report on Monday, October 24th. Oppenheimer Holdings Inc. lowered Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Citigroup Inc. lowered Linear Technology Corp. to a “market perform” rating in a research note on Monday, October 17th. Finally, Zacks Investment Research lowered Linear Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Linear Technology Corp. currently has an average rating of “Hold” and a consensus price target of $55.08.

Linear Technology Corp. Company Profile

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